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Online Tests
ICS Part 2 Economics English Medium Online Test MCQs With Answers
Question # 1
Foregn trade creates among countries.
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Conficits
Cooperation
Hatred
None
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Question # 2
This is NOT money
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Currency
Prize Bond
Demand deposit oin a bank
Coins
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Question # 3
Pakistan Started its planning expence with
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Colombo plan
Tokyo plan
Karachi Plan
London Plan
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Question # 4
Central Bank rate lending to commercial banks is called.
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Discount rate
Money rate
Control Rate
Interest rate
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Question # 5
Per capita Incom is.
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Income per worker
Incomeper hea
Income per household
Income per industrial unit
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Question # 6
The four factor payments are.
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Money, Capital, salaries, and income
Wages, rent internest and profts
Money, power, Prices, and wwalth
Wags, intrest, salareis,andtaxes.
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Question # 7
The share of 20% of population which forms the lowest income group gets share of Pakistan's national income as.
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6%
9%
12%
15%
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Question # 8
Commercial bank in Pakistan are supervised by
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State Bank
National Bank
Finance Minister
World Bank
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Question # 9
Which of the following is international trade
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Trade between provinces
Trade between countries
Trade betwene regions
Trade between continents
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Question # 10
It helps countries to meet deficit in balcne of payments.
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IMF
WTO
World Bank
UNO
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Question # 11
The highest govt body for economic planig is Pakistan is.
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Planning Council
Planning Board
Planning commission
Planning Department
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Question # 12
Forest in Pakistan are decreasing beacause.
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Populaton pressure
Poor consercation clanning
Climateic changes
All of the above
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Question # 13
Literacy rate in Pakistan is.
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40%
50%
60%
70%
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Question # 14
The largest sector of Pakistan economy
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Transport
Agriculture
Industry
Trade
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Question # 15
Net Exports are
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Total Exports plus total imports
Total exports minus total imports
Total exports divided by total imports
Total imports minus total exports
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Question # 16
According to Malthus Population increases by Pogression of kind
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Systematic
Arithmetic
Geometric
Automatic
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Question # 17
There are obstacles to rapid economic development of Pakistan
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Social
Political
Cultural
All of the above
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Question # 18
Commodity sector contributes to national income of Pakistan.
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40%
50%
60%
70%
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Question # 19
The have a functional relation
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Consumption and national income
Consumption and saving
Consumption and investment
All of the above
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Question # 20
Which is money
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Cheque
Credite card
Currency
Prize Bond
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Question # 21
It would increase the lvel of national income.
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An increase in taxation
A reduction in governmnet spending
An increase in exports
Students scholarships
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